About RaqabaIQ

RaqabaIQ is a powerful collaboration between Raqaba and Muslim Xchange, combining deep-rooted Shariah expertise with modern fintech innovation to provide industry-leading Shariah compliance solutions for investors and institutions alike.

The Power of Partnership

RaqabaIQ unites the legacy and scholarship of Raqaba with the agile, technology-driven platform of Muslim Xchange. This collaboration brings rigorous scholarly oversight together with scalable, transparent fintech solutions—reshaping the future of halal investing.

Raqaba’s Strengths

  • Founded in 2007 with global operations across the Middle East, Europe, Africa, and North America.
  • Led by Dr. Abdulbari Mashal, former AAOIFI Shariah Board member and senior advisor to global Islamic financial institutions.
  • Nizar Abdulbari Mashal, MBA, Regional Director at Raqaba, brings expertise in Islamic product development, impact investing, and fintech advisory.
  • Expertise in Shariah audit, sukuk, Islamic banking, REITs, and financial product structuring.
  • Developer of the Raqaba Shariah Index—an advanced scoring model used across GCC markets.

Muslim Xchange’s Expertise

  • Built on advanced technology and data pipelines to automate and scale Shariah screening globally.
  • Works closely with Raqaba’s Shariah experts to integrate certified, scholarly oversight into every stage of screening.
  • Trusted by ETF issuers, Islamic banks, and retail investors for transparent and reliable halal stock analytics.
  • Offers a Halal Stock Advisor, compliance calculators, portfolio tools, and real-time purification tracking.
  • Implements screening aligned with five major Shariah standards with full auditability and clarity.
RaqabaIQ offers the most reliable, real-time, and scholar-approved Shariah compliance platform for today’s investors and tomorrow’s institutions.

Why RaqabaIQ?

Benefit What It Brings
Unmatched Shariah Authority Led by Dr. Mashal’s decades of global experience and certified scholars at Raqaba and Muslim Xchange.
Tech-Driven Powered by advanced analytical models and scalable infrastructure.
Institutional Trust Used by Islamic banks, asset managers, and ETF providers.
Full Transparency Open logic, Q&A with scholars, and publicly verifiable methodology.
Complete Solution From stock screening and portfolio tools to fundamental research and automation.

Meet the Leaders

Abdulbari Mashal
Dr. Abdulbari Mashal, PhD Chairman, Raqaba. Former AAOIFI Shariah Board member (2007–2010), senior advisor to regulators and financial institutions globally.
Nizar Mashal
Nizar Abdulbari Mashal, MBA Regional Director, Raqaba. Expert in Islamic financial product development, impact investing, and fintech advisory.
Faraz Omar
Faraz Omar, CSAA, MBA Founder, Muslim Xchange. Technical partner responsible for implementing Shariah methodologies for screening global funds using advanced research and analytical models.

Join RaqabaIQ

Empower your halal investment journey with tools, trust, and transparency. Whether you’re an individual investor, financial advisor, or institutional partner—RaqabaIQ is your go-to platform for intelligent Shariah compliance in modern finance.